Newcomer Wines Limited

Newcomer Wines Ltd, based in London, UK, is a small, active company founded eleven years ago in 2013. With seven employees and £1,213,770 in assets, it operates from a real address and is managed by two directors and two owners. The company is a regular importer and exporter of drinks, alcohol, and vinegar, with 256 months of import activity and four months of export activity recorded.

The company’s website showcases a curated selection of wines from across Europe, emphasizing small-batch producers and unique varieties. It operates both a physical shop in Dalston and an online store, catering to both casual wine drinkers and serious collectors. The website highlights a focus on "future classics" and emphasizes a commitment to supporting independent winemakers. It even has a podcast.

Financially, Newcomer Wines Ltd presents a mixed picture. Current assets decreased by 1.2% to £1,200,000, while net assets dropped 42% to £110,000. Bank borrowings remained stable, but cash reserves fell 59% to £19,000. Trade debtors decreased by 16%, suggesting improved collection rates. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the equity decline indicates a need for careful financial management. Creditors increased by 7.5%, which could be a result of increased stock levels. There is no auditor mentioned, likely due to the company’s small size and exemption from an audit.

The decrease in cash reserves and the drop in net assets suggest the company may be burning through cash, but the stable bank borrowings indicate it hasn’t needed to take on additional debt. The company’s focus on unique wines and its online presence could be helping it attract new customers, but the financial figures suggest it needs to carefully monitor its expenses and ensure it’s generating enough revenue to sustain its operations.

Registered in England/Wales under the registration number 08740482, with a registered address at E8 3DF, England, London, C/O Peter Honegger Newcomer Wines Ltd, 5 Dalston Lane.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.